State Street Corporation (STT) traces its roots back to the founding of Boston's banking industry in the late 18th century. Founded in 1792 as the Union Bank and located on State Street in Boston, the original banking charter was signed in 1792 by none other than John Hancock, Massachusetts' first governor. The company established itself as a key cog in the city's burgeoning shipping and maritime industries; thus, the clipper ship as the company's logo. 225 years later, the company is one of the largest custodian banks in the U.S., with over $32 trillion in assets under custody. Additionally, STT has another $2.7 trillion in assets under management, including the highly popular SPDRs platform of exchange traded funds (ETFs). With the financial markets around the world touching all-time highs seemingly every day, the company continues to generate solid gains in custody and management revenues. This analysis will examine whether this solid, if not exceptional growth, has translated into a good buying opportunity for the stock.

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